Generally speaking, Bitcoin, the largest cryptocurrency by market cap could be said to have had a positive week so far. After diving to lows of $8,600, Bitcoin (BTC) had a strong rebound in the last few days pushing it past the $9,500 key handle, setting an 8-day high in the process.
Despite Wall Street giant Goldman Sachs’s critical outlook on Bitcoin recently, Bitcoin bulls remained defiant as they pushed further to highs of $9,625. Bitcoin has been consolidating within the sub $9,000 levels in the last few days, not posting any decisive trend after it met resistance at $9,700 key level.
The top asset, Bitcoin (BTC) had embarked on an impressive rally since April surging from the $3,800 lows it hit during the March 12th market carnage. Since then, Bitcoin (BTC) has gained over 150% implying that Bitcoin (BTC) has outperformed generally than any other multi-billion dollar asset in the time frame mentioned.